Advice to buyers

By
Real Estate Agent with William Pitt Sotheby's International Realty

When you are preparing to buy, there are several steps that each buyer should consider.

  • Determine today what you can pay for anyplace, anywhere.
  • When you find a match to the property you want, understand what you are willing to pay for that house/condo.  This can be a less than the maximum you can afford. For example, let's say the most money you can pay for anything is $320,000.  If the price is $365,000 you can't afford it.  If the price is $250,000 but it needs $60,000 of work you can offer it.
  • Before placing an offer. Know where you want to start and where you can end up.
  • All number crunching should be done now. They are what they are.  If your salary changes than adjust the numbers.
  • Understand that the market has been active at $350,000 and under and most of the "deals" are gone.  Think 3% to 5% under asking price.
  • When you find what you want you must act decisively and quickly.  If you have the plan in place before you make the offer, you can be anywhere and you and your Realtor can execute the plan.  Other buyers are have already determined their plan and will act quickly and decisively, thus beating you out.
  • When you complete your plan, review it with a financial person of your choice and incorporate any appropriate suggestions.  This is a sanity check to make sure you are on the right track.  This is another why to get pre-approved.
  • The buyer who is prepared has the best chance to succeed.
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Connecticut
Groups:
Point 2 Agent Sites
Tags:
real estate
danbury real estate
buyers advice
market value
market prices
preapproved mortgage

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
289,791
Jonathan Hall
William Pitt Sotheby's International Realty - Danbury, CT
Realtor - Danbury,CT Area Real Estate~203-417-0523

Preporation and research is one of the keys to purchasing & selling property.

Oct 26, 2009 09:17 PM #1
Rainer
91,864
Lesley Burton-Dallas
Turtle Clan Global - Stratford, CT

Hi Dan!

Just wanted to come by and say hello!

Have a great weekend and if we don't speak before, have a great holiday too!

 

Lesley

Dec 18, 2009 06:53 PM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
12,081

Dan Kuhn

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: